Cross Timbers Royalty Trust (CRT) To Go Ex-Dividend on December 31st

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Friday, December 19th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.1147 per share by the oil and gas company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 17.3%. The ex-dividend date is Wednesday, December 31st. This is a 210.6% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04.

Cross Timbers Royalty Trust has increased its dividend by an average of 0.0%annually over the last three years.

Cross Timbers Royalty Trust Stock Up 1.1%

Shares of CRT stock opened at $7.98 on Monday. Cross Timbers Royalty Trust has a 12-month low of $7.07 and a 12-month high of $13.31. The company has a 50 day moving average of $8.13 and a 200-day moving average of $8.54. The firm has a market cap of $47.87 million, a P/E ratio of 10.55 and a beta of 0.12.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings data on Thursday, November 13th. The oil and gas company reported $0.08 earnings per share for the quarter. Cross Timbers Royalty Trust had a return on equity of 191.25% and a net margin of 79.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRT. Bank of America Corp DE lifted its holdings in shares of Cross Timbers Royalty Trust by 81.3% in the second quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock worth $36,000 after buying an additional 1,612 shares in the last quarter. Scotia Capital Inc. bought a new stake in Cross Timbers Royalty Trust in the 2nd quarter valued at $109,000. Ritholtz Wealth Management purchased a new stake in Cross Timbers Royalty Trust in the 2nd quarter worth $169,000. Finally, Susquehanna International Group LLP bought a new position in shares of Cross Timbers Royalty Trust during the 3rd quarter valued at about $212,000. 9.74% of the stock is currently owned by institutional investors.

About Cross Timbers Royalty Trust

Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.

The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.